What Janet knows, as The Burning Platform's Jim Quinn exclaims, [3] is that a 1% increase in interest rates would increase the interest on the National Debt from $400 billion per year to $600 billion per year, a 50% increase.
[4]
Interest rates back at NORMAL historical rates that we had as recently as 2007 would increase the interest on the National Debt to $1 trillion per year, a 150% increase.
Plus, the National Debt increases by $1.5 billion per day, so our interest bill goes up by $35 million per day already.
Do you really think Yellen is going to be increasing interest rates?
